Plummer Corporation has provided the following data for its two most recent years of operation:    Selling price per unit$44Manufacturing costs:  Variable manufacturing cost per unit produced:  Direct materials$9Direct labor$6Variable manufacturing overhead$4Fixed manufacturing overhead per year$63,000 Selling and administrative expenses:  Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$66,000  Year 1 Year 2Units in beginning inventory0 2,000Units produced9,000 7,000Units sold7,000 8,000Units in ending inventory2,000 1,0000 The unit product cost under variable costing in Year 1 is closest to:

A. $19.00
B. $31.00
C. $26.00
D. $24.00


Answer: A

Business

You might also like to view...

What we communicate may be ______ and subject to misinterpretation.

Fill in the blank(s) with the appropriate word(s).

Business

The leader of a small work group has several employees that are new to the group and a number of employees who have been part of this group for five years or more. The five-year members rarely ask questions and complete their work on a timely basis. The leader checks in on them occasionally to see if there is anything that they need. The new employees are not sure how to complete their work, and they have been asking many questions. This leader has checked in on them occasionally and has assumed that each of their questions have been answered by the more experienced team members. This leadership approach could be described as ______.

a. flexible b. inflexible c. contextual d. specific

Business

Installations

A. are very large expense items for buyers as soon as they buy. B. seldom involve multiple buying influence. C. are purchased often. D. are important long-lived capital items. E. are always custom-made.

Business

Simply obeying the law does not fulfill all ethical obligations.

Answer the following statement true (T) or false (F)

Business